Cobra's Market View

INDEX day.. $RUT first tag of 50d sma holds

I'm waiting for a bounce in BPSPX before playing the long side on SPX. So far no signal to buy

Got to go guys. I am selling my boat and need to go clean it up and get personal belongings off. Profits today will buy fuel for the new boat.

Picked up a used (old) Chaparral and it can burn up to 32 GPH

All eyes on Europe resp on Thursday's ECB decision. If DAX manages to break 10300 and close higher this is quite something.

Out of Bounds wrote:Got to go guys. I am selling my boat and need to go clean it up and get personal belongings off. Profits today will buy fuel for the new boat.

Picked up a used (old) Chaparral and it can burn up to 32 GPH

Got a pic of that new boat?

Out of Bounds wrote:Got to go guys. I am selling my boat and need to go clean it up and get personal belongings off. Profits today will buy fuel for the new boat.

Picked up a used (old) Chaparral and it can burn up to 32 GPH

Nice! enjoy cheap gas and the new (to you) boat.

SPY daily could chop with in the possible minor bear flag… tag 20d/50d.. as we wait for ECB, then the uncertainty of the Greece election into the weekend..

Bullish Percentages are not very helpful today, no indication of a market direction.

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

might be another leg down?

double bottom. in the past mad bull, this means the low was in for today. now i need see more bars to be sure.

INDEX yeah.. could be a collection of bear flags.. bull flag VIX .. could chop for 2-3 days.. but a break could be very sharp

bear flag instead of double bottom, not good

REVISION.

Yesterday, I posted a NYMO chart presenting a higher high and suggesting the down cycle was done.
This morning when I updated my data, the chart was changed.
Not sure what happened, but NYMO has not moved into an up cycle yet.
It appears to have made a corrective move to the zero line and is making a coil under zero.
Price has made a corresponding tag of the middle Keltner.
Bulls need to break NYMO out of the coil and above zero.
Apologies to anyone who looked at yesterday's chart.

SPX.. VIX still struggling..

100% mm, not sure, rather it's a dream.

49% ALL opening long overvalued calls/puts
and
53% EQUITY opening long overvalued calls/puts
show UPWARD bias to market

https://www.ise.com/market-data/isee-index/

My currency tell looks bullish at the moment while equities are acting like they didn't get the memo.

...and where Pimco is spending your $...Vote Cobra. glta

Premkt PB's 201.10 and 200.59 now met. next is 197.15. Lets see